16 October 2014 stock free trading tips today, NSE nifty level

Indian stock market opened lower after the exit polls which are indicating that BJP will win highest number of seats in Maharashtra and Haryana.

Nifty and sensex which is opened down side in early in the morning. Technically speaking, for Nifty the level of 7830 – 7800 is now an immediate term support for the index whereas it face a stiff resistance around 7925 and beyond that at 7975.

The Indian rupee opened marginally lower on Thursday at 61.48 per dollar compared to 61.41 a dollar in previous session.

Hindalco topped in selling list, Tata power down 2.02%, sesa sterllite fall 2.26%, ONGC and NTPC fall more than 1%, While GAIL, Hero motorcorp, Tata motors, TCS up more than 1%.

Ambuja Cements SELL call with a target of 205/203/ 200 and a stop loss of Rs 211.75